Our StockBroking API is designed for StockBrokers who want to securely make their customer data available via a REST API using a consent driven authorisation without the associated risks or costs of doing it themselves.

Data use Cases

Personal Financie Managers

Accounting Systems e.g. SMSF

Financial Planning

Portfolio Systems

Tax Preparation

Stock Broking Data Set

The Stock Broking API requres the following Data set.

Transaction Information

  • ✓ Transaction Type: Buy, Sell, Reversal
  • ✓ Security Code
  • ✓ Trade Date
  • ✓ Settlement Date
  • ✓ Quantity
  • ✓ Price
  • ✓ Brokerage (including GST amount)
  • ✓ Net Consideration

Account Information

  • ✓ Account Name
  • ✓ Account Address
  • ✓ HIN and/or SRN
  • ✓ Unique ID i.e. NAB Trade User ID

Why Share Data

For NAB Trade

Why Share Data?

  • Improve Customers Experience – New feature to make Customer life easier.
  • Secure way to share Data – Currently customers provide
    User/name password to access data (i.e. bots that screen scrap) this is a security risk and a breach of T&C’s
    Email contract notes which is not a secure method of transport.
  • Automated & timely – Customers and their trusted professional advisors have accurate and almost real time data to make informed decisions.

Why use SISS Data Services?

  • Ready to use – SISS provides the consent process, API, Accreditation ready to use.
  • Easy to Integrate – data can be supplied to SISS daily in a simple csv, xml or another formal via secure transport protocols like SFTP.
  • Lower Cost – The SISS fee for this service is significantly less that the Capital expense to build and the ongoing cost to maintain.
  • Less Risk/ – In addition to the same Indemnities and warranties we provide major Banks, our data sharing model is based on the Consumer Data Right consent, security and accreditation.
  • Experience – We currently have contracts with all major banks (NAB, Commonwealth Bank, ANZ, Westpac + others) to share bank account and credit card data via our API solution.

Who we can share data with

SDS has a comprehensive list of existing FinTech’s waiting to connect to NAB Trade

Consent

At the center of any data sharing solution is Consumers consent to share their data. SDS can cater for 2 options, a paper-based process or online process, the choice is yours.

Integration

Integration is all about getting data from NAB Trade to SISS Data Services. SDS can consume a simple csv file or connect to an existing API

Data Access

One API for all FinTechs.

One key value proposition of our SDS service is NAB Trade can build one connection to SISS and The Rest API is accessible to anyone approve by NAB Trade.

Our service includes a documented Development Portal and a Sandbox area for Developers to build and test against it is host in Microsoft Azure, API is fully managed by SISS Data Services and is penetration tested by KPMG.

Accreditation

Accreditation gives ensures Third Party who access NAB Trade Customer data meet a “minimum standard”

Third Parties must complete an annual Compliance Review online, and NAB Trade can approve or cancel their status

Data Lifecycle

The following diagram highlights the phases of the data lifecycle.

Definitions

WSO2 Open Banking is the only purpose-built solution that provides all technology requirements for achieving complete Open Banking compliance using a single technology platform.

Data Custodians

Individuals or organisations in physical or logical possession of Data for the Data owner.

Data Managers

Personnel directly responsible for the operational access and management of Data.

Data Owner

SISS Data Services is the Owner of all Data collected, stored or managed by personnel of SISS Data Services.

Data Sources

The Bank or Financial Institution that the Data Owner maintains an account with and obtains the Data Feeds from

Data Stewards

Personnel responsible for the integrity, availability, confidentiality, and quality of Data Management. There should be at least one designated Data Steward for each business unit or department.

Financial Information

Data that relates to a financial product or transaction from Data Sources that may contain information as detailed in Table 3 below.

Personal Information or PII

Any information or an opinion about an identified individual, or an individual who is reasonably identifiable.

SISS Data Services Data Resource

Data owned by SISS Data Services may reside in various systems and locations as required and justified by the business, these are consistently referred to as a single, shared resource.
All such Data owned and managed by or on behalf of SISS Data Services is considered part of the SISS Data Services Data Resource.

Third Party

An individual, company or other entity that an individual has granted consent to access their personal information.

Data Types

We'll help you comply with the regulation's Open API and security requirements

We are part of the Data Standards technical working group and follow the regulation closely. We will ensure that the Open Banking solution is updated as and when the specification and security updates are released. This frees your teams' time to focus on more pressing tasks.

Our technology model and team, work well with yours

We provide both cost-based and deployment-based engagement models catering to Banks of any size. We also provide training programs that get your teams up and running with our technology in record time.

We assist in communicating the benefits of Open Banking to your customers

Our work with European Banks revealed some key concerns consumers had with Open Banking. We’ll use these as examples to address perceptions for Australian banking customers. The earlier you educate your customers, the more trust you build with them.

Use us to prepare for digital banking initiatives in Australia

As Open Banking takes off, your customers will demand more services and products that make their lives easier. Your IT infrastructure needs to scale to meet these new demands. Our platform and domain expertise make us the ideal technology partner to help you become a market leader in digital banking.

Data Types

SISS Data Services, through their feeds, may store the information as detailed in the table below.

Bank Account Data

Direct from Financial Institution

  • Account Number
  • Account Name
  • BSB
  • Transaction Details
  • Balance Details

Credit Card Data

Direct from Financial Institution

  • Tokenised Credit Card Number
  • Card Name
  • Transaction Details
  • Balance Details

Contract Note Data

PDF of Contract Note emailed to SISS & Direct from Financial

  • Name of Account
  • Account ID

Institutions System

  • Email Address
  • Transaction Details
  • Brokers Details

Wrap & Managed Fund Data

Direct from Financial Institution

  • Account Number
  • Account ID
  • Investment Holding Details
  • Transaction Details
  • Balance Details

Share Registry Data

Direct from Financial Institution

  • HIN
  • Account Name
  • Investment Holding Details
  • Transaction Details
  • Balance Details

Principles

The following principles outline the acceptable minimum requirements that must be adhered to by SISS Data Services and its personnel to provide high quality and easily accessible Data while protecting the confidentiality, integrity and availability of Data collected and provided by SISS Data Services.

Resources

We would love to help in your compliance journey.